Answer Posted / dhananjayan

Purchase A/c Dr. 100
To Supplier A/c 100
Being purchase of goods)

Cash A/c Dr. 80
To Sales A/c 80
Being sale of goods)

Supplier A/c Dr. 20
To Purchase A/c 20
Being debit note raised for rate difference)

Commission on sales A/c Dr. 4
To Commission Payable A/c 4
Being 5% commission payable on sales)

Commission Payable A/c Dr. 4
To Bank A/c 4
Being commission paid on sales)

What is the entry for closing stock value reduction?

2495

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i WANT TO KNOW WHAT IS THE INTEREST RATE IF WE CAN NOT PAY THE DEPOSIT SALE TAX AMOUNT WITH IN PERIOD

1809

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Mobile on Rupees 2000 purchase for office use not for staff....What entry in accounts..?????

1387

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What is debit and credit note?

1117

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Are you comfortable with cold-calling?

999

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What is the basic accounting equation?

986

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Explain what makes a successful account manager?

974

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Time limit for payment of divident for listed limited companies & Unlisted public limited companies are? 30 or 45 or 60 or 90

2453

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1.recivable and payble 2.pf,tds,esi

1957

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adams a debtor for R600 had been declared insolvent and part of his debts has to be written off. The attorneys informed you that an amount of 25c in the rand will be paid and the rest must be written off

1690

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Explain what is liabilities and what all does include in current liabilities?

1071

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Cheque Received From Customer What is accounting entry and in which vocher. coustomer order is 100 items . 5 items given to customer cost rs 2000 5 items Total 2000 and remaing 95 items not deliveried 100000 Cheque Received

2066

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dear i want basic a\C's oriented question. these are asking in mostly all mnc companies

1909

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How do we calculate the cost of investment?

1717

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Do you know what are trade bills?

1388

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